Lululemon names former Nike executive Heidi O'Neill as new CEO; shares drop

Nike

22/04/2026 22:45

** Shares of athleisure brand Lululemon LULU.O down 5% at $154.96 in aftermarket trading

** Co names former Nike NKE.N executive Heidi O'Neill as new CEO, effective September 8, 2026

** Heidi has served as the president of consumer products and brands at Nike

** She will replace Calvin McDonald, who stepped down amid heavy pressure at the end of January

** As of Wednesday's close, stock down 28% YTD and 38% in last 12 months

(Reporting by Koyena Das from Bengaluru )

((Koyena.das@thomsonreuters.com))